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NRB-IBC Bearings ceases to be WOS of NRB Industrial Bearings

09 Jan 2014 Evaluate

NRB-IBC Bearings has ceased to be wholly-owned subsidiary (WOS) of NRB Industrial Bearings. The board of director at its meeting held on November 12, 2013 has taken note of it.

NRB Industrial Bearings is a group company of NRB Bearings and came into being having demerged from the parent company, from October 1, 2012 for manufacture and sale of bearings for various industrial applications.

Peers
Company Name CMP
Schaeffler India 4005.30
Timken India 3205.30
SKF India 1538.30
NRB Bearings 534.75
Menon Bearings 295.50
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